Jefferies Upgrades SINA Corp to Buy

Brokerage firm Jefferies Upgrades its rating on SINA Corp(NASDAQ:SINA). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Jefferies was issued on Jul 22, 2016.

SINA Corp (SINA) made into the market gainers list on Thursdays trading session with the shares advancing 0.22% or 0.12 points. Due to strong positive momentum, the stock ended at $55.01, which is also near the day’s high of $55.25. The stock began the session at $55 and the volume stood at 2,50,248 shares. The 52-week high of the shares is $55.87 and the 52 week low is $32.61. The company has a current market capitalization of $3,842 M and it has 6,98,40,751 shares in outstanding.

SINA Corp(SINA) last announced its earnings results on May 11, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $196.07M. Analysts had an estimated revenue of $189.47M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.05.

SINA Corporation is an online media company serving China and the global Chinese communities. The Company operates its business through three business segments: SINA Portal Weibo and other businesses. Its digital media network of SINA mobile and Weibo enables Internet users to access media and users generated content (UGC) in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal provides news information and entertainment content from customized for mobile users in WAP (mobile browser) and mobile application format such as SINA News SINA Sports SINA Finance SINA Entertainment and SINA Blog. Weibo is a social media platform for people to create distribute and discover Chinese-language content.

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